Company News
Thursday preview: ECB, Aviva in the spotlight
The market spotlight on Thursday will be on the European Central Bank.
Director dealings: Wife of Johnson Service CEO snaps up shares
Johnson Service Group revealed on Wednesday that chief executive Peter Egan's wife, Caitriona, had acquired 65,000 shares in the AIM-listed textile rental business.
L&G posts below-forecast operating profits
UK insurer Legal & General posted lower-than-expected operating profits last year amid tough market conditions.
Harland & Wolff enters five-year deal with global oil company
Harland & Wolff Group announced a major new partnership on Wednesday, having signed a five-year master services agreement with an unnamed global oil services company.
Science in Sport shifts operating model to focus of profitability
Performance nutrition company Science in Sport updated the market on a significant shift in its operating model on Wednesday, following a comprehensive business review.
Duke Capital exits investment in Fairmed Healthcare
Duke Capital announced the successful exit from its investment in Fairmed Healthcare, a Swiss-based supplier of generic prescription medicines and other pharmaceutical products in the EU, on Wednesday.
Likewise reports positive start to 2024
Floor coverings distributor Likewise Group announced a positive start to 2024 in a trading update on Wednesday.
Foot Locker lowers 2024 forecast despite fourth-quarter beat
Foot Locker surpassed expectations in its fourth-quarter 2023 results on Wednesday, but disappointed investors after it lowered its profit outlook for the 2024 financial year.
Nexxen reports mixed year amid ad market downturn
Advertising technology company Nexxen International reported a mixed financial performance in its full-year results on Wednesday, amid challenges in integrating the acquisition of Amobee, and a weaker overall advertising market.
Coventry Building Society hires JPMorgan to help secure Co-op Bank deal
The Coventry Building Society has reportedly enlisted Wall Street bank JP Morgan to strengthen its proposed takeover of the Co-operative Bank.
Shares in Challenger Energy soar on Chevron deal
Shares in Challenger Energy Group soared on Wednesday, after the AIM minnow struck a deal with US oil major Chevron.
LondonMetric completes merger with LXi, buys Crewe property
LondonMetric Property announced the completion of its merger with LXi REIT on Wednesday, effective on 5 March.
Upturn in housebuilding boosts UK construction sector - PMI
The UK’s hard-pressed construction sector strengthened last month, a closely-watched survey showed on Wednesday, led by a turnaround in housebuilding.
Galliford Try lifts dividend as H1 profits jump
Construction firm Galliford Try posted a jump in first-half profit and revenue on Wednesday as it hailed growth in both the building and infrastructure segments, and lifted its dividend.
Nichols profits rise as OoH restructuring pays off
Shares in Vinto and Slush Puppie maker Nichols rose strongly on Wednesday after the drinks group reported increased profits for 2023, helped by the exit from unprofitable businesses within the Out of Home division, and pointed to further growth this year.
Braveheart takes Autins stake to over 23pc
Braveheart Investment Group announced a significant increase in its ownership stake in Autins Group on Wednesday.
Lancashire Holdings declares special dividend after strong year
Lancashire Holdings reported substantial profit growth and strong underwriting results in its final results on Wednesday.
Capita slumps to full-year loss, shares plummet
Shares in Capita plummeted on Wednesday, after last year's cyberattack helped pushed the outsourcing giant heavily into the red.
Digital 9 Infrastructure gets regulatory approval to sell Verne Global
Digital 9 Infrastructure surged on Wednesday after saying it had received regulatory approval to sell Verne Global, paving the way for it to potentially wind down and return funds to shareholders.
Oxford Nanopore delays breakeven target as Covid revenue falls away
Molecular sensing technology developer Oxford Nanopore Technologies reported a fall in total revenue in its preliminary results for 2023 on Wednesday, despite a surge in life science research tool revenue, as it pushed out its forecast for reaching breakeven.